AMD has updated their projections to 2x times performance per watt and no longer 2.5x. And this is over their mainstream products and not stuff like nano or fury. So if AMD makes the same improvements as Nvidia since they both claim 2x increase in performance per watt, they are going to be in the same position as now.
AMD CEO Lisa Su has stated 2x per/watt gains earlier too. But Raja Koduri at Capsaicin stated 2.5x perf/watt gains for Polaris over 28nm GPUs. Given that Raja heads RTG I am going to go with his statements. Lisa Su is a CEO and is just reading out prepared statements. You can make of it what you want to.